This market is cleared for takeoff!

Good morning, Traders!

I’ve got great news about the Nasdaq 100 futures market (NQ)! The market pulled back and established a known U-turn point. I expect the NQ to break the new counter trendline and push bullish for a +1,000 tick movement to the Fibonacci extension of 14294.25.

These tick movements are how we make money, so it’s important to follow these trends and get our entries into the market timed correctly. If you miss this opportunity, you miss out on the chance to make a seriously profitable trade!

I’ve placed a stop at 13687.50 to limit our loss if the trade decides to turn against us, but the market looks like it’s headed for a new bullish rally. Not sure how to setup a trade that limits your potential for loss? Read my article on how to do it the right way.

Now’s the time to prepare your trading strategy for the NQ as it’s poised to rally to a new high price. Follow along as I review our setup and examine the daily and one-hour timeframe charts for the NQ. You can’t make the trade without this info!

Let’s get started…Daily Timeframe Analysis

The NQ daily timeframe is in an overall uptrend, with the market hitting the uptrend line (diagonal grey line) and U-turning toward a bullish rally (middle green arrow).

I expect, in the long term, for the market to continue pushing upward toward the 14895.50 point, though we could see a retracement (temporary price drop) along the way.
DAILY TIMEFRAME

The direction within the daily timeframe is up for the NQ

1-HR TIMEFRAME

The one-hour timeframe shows an overall positive direction as the market prepares to rally

THE BOTTOM LINE

The NQ has reached a known level of U-turn toward the buy zone

Learn more about the Daily Direction Indicators here…

The NQ daily timeframe chart

The overall direction for the NQ is up, as revealed in the daily timeframe. I expect the market to push toward 14895.5 in the long run, though there could be a temporary price drop along the way (yellow line)

While predicting future price movement can be tricky, I have the information that will help you do it like a pro. Check out my article on how I anticipate future market price direction here.

Let’s now turn to the one-hour timeframe to see what’s happening with the short-term movement for the NQ:

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One-Hour Timeframe Analysis

The one-hour timeframe for the NQ is where all the action is! The market has hit a known level of U-turn and pushed through the counter trendline (bold green arrow/diagonal grey line). This means the market is preparing to increase in price and make a new push to a higher price.

Don’t forget to read up on how we use counter trendline breaks to enter the market.They’re a crucial part of my trading strategy. You can get more information about how they work here.

Chart the channel

The one-hour NQ timeframe is setting up for a potential +1,000 tick rally. The market has U-turned and pushed through the counter trendline (bold green arrow). The market should rally bullish through the buy zone on its way to the next Fibonacci extension of 14294.25

I expect the market to rally through the buy zone as it makes a +1,000 tick push to the 14294.25 Fibonacci extension. In other words: this is your chance to make money from the NQ’s latest bullish rally!The Bottom Line

The NQ is ripe for a profitable trade setup as it starts a new rally to a higher price with a potential +1,000 tick movement. The market has broken the counter trendline, U-turned, and is making higher highs and higher lows. You should keep an eye on the one-hour timeframe and prepare your entry strategy if you want to get in on this opportunity to make some money!

The Bottom Line

The outlook for the NQ is great right now! This is a perfect opportunity to jump in and make some money as the market starts its latest bullish rally

But why risk doing this alone? I’m here to help you realize your money-making potential in futures trading. Just follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader!

Keep On Trading,

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Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

Reader interactions

4 Replies to “This market is cleared for takeoff!”

  1. Hi Josh,

    I have heard and joined your webinars a few times. However, I needed to go away, I stayed for the whole webinar today and I am so excited to get to know and join this venture. I need helps for the beginning. May you guid me please?!

    ChelseaL

    Reply

    1. Traders Agency Analyst July 20, 2021 at 2:43 pm

      Hi Chelsea, please give our customer service staff a call and they can help with getting you all setup.

      +1-888-483-5161
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      We look forward to working with you!

      Reply

  2. Yeah Nasdaq has really taken off?

    Reply

  3. It really taking off

    Reply

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Josh Martinez

Josh Martinez

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